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Latest: Fintech News

New Zealand Puts Central Bank Digital Currency Plan on Hold
New Zealand Puts Central Bank Digital Currency Plan on Hold

The RBNZ said feedback from the public had helped affirm the importance of privacy and autonomy and that this would be a focus of further policy work

Apple Says China Output Resuming But Chip Shortage Weighs
Apple Says China Output Resuming But Chip Shortage Weighs

Luca Maestri, the tech company's financial chief, told analysts that supply-chain issues would hurt sales in the quarter by $4 billion to $8 billion

Central African Republic Approves Bitcoin as Legal Tender – BBC
Central African Republic Approves Bitcoin as Legal Tender – BBC

The diamond and gold-rich African nation joins El Salvador in recognising bitcoin as an official currency

China’s Weibo to Fight ‘Bad Behaviour’ by Adding User Location
Huawei Revenues Drop 13.9% as Handset Share Declines
Geely-Owned Volvo Seeks Parts Outside China – FT
US Probes Chipmaker for Huawei Sanctions Violations – FT
Honor Sales Accelerate Despite China Smartphone Market Slump
Apple Grapples for Sales as China Phone Market Shrinks
Samsung Banks on Chip Demand as Profits Rise 51%

Fintech: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors